Arkadios Wealth Advisors Invests $789,000 in Omnicom Group Inc. (NYSE:OMC)

Key Points

• Arkadios Wealth Advisors has made a new investment in Omnicom Group Inc., acquiring 9,514 shares valued at approximately $789,000 during the first quarter.
• Omnicom Group's quarterly earnings showed a beat on consensus estimates with $2.05 earnings per share and a revenue of $4.02 billion, representing a year-over-year increase of 4.2%.
• The company has declared a quarterly dividend of $0.70 per share with an annualized yield of 3.9%, set to be paid on October 10th to investors of record on September 2nd.

Arkadios Wealth Advisors bought a new stake in Omnicom Group Inc. (NYSE:OMC - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 9,514 shares of the business services provider's stock, valued at approximately $789,000.

Several other institutional investors also recently bought and sold shares of OMC. Merit Financial Group LLC lifted its position in Omnicom Group by 157.9% in the first quarter. Merit Financial Group LLC now owns 7,661 shares of the business services provider's stock valued at $635,000 after purchasing an additional 4,690 shares during the last quarter. Golden State Wealth Management LLC increased its stake in shares of Omnicom Group by 230.2% in the first quarter. Golden State Wealth Management LLC now owns 492 shares of the business services provider's stock worth $41,000 after buying an additional 343 shares during the period. Fifth Third Bancorp raised its holdings in Omnicom Group by 13.9% during the 1st quarter. Fifth Third Bancorp now owns 7,459 shares of the business services provider's stock valued at $618,000 after buying an additional 913 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new stake in Omnicom Group during the 1st quarter valued at $1,357,000. Finally, Asset Management One Co. Ltd. grew its holdings in Omnicom Group by 10.4% in the 1st quarter. Asset Management One Co. Ltd. now owns 81,474 shares of the business services provider's stock worth $6,755,000 after acquiring an additional 7,665 shares during the last quarter. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Omnicom Group Stock Down 1.3%

OMC stock opened at $71.11 on Friday. Omnicom Group Inc. has a fifty-two week low of $68.37 and a fifty-two week high of $107.00. The company has a market capitalization of $13.78 billion, a price-to-earnings ratio of 10.20, a price-to-earnings-growth ratio of 1.41 and a beta of 0.94. The business's 50 day moving average price is $72.56 and its two-hundred day moving average price is $77.26. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.80 and a current ratio of 0.92.

Omnicom Group (NYSE:OMC - Get Free Report) last released its quarterly earnings results on Tuesday, July 15th. The business services provider reported $2.05 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.03. The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.95 billion. Omnicom Group had a return on equity of 33.62% and a net margin of 8.67%. The firm's revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.95 earnings per share. As a group, analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Tuesday, September 2nd will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Tuesday, September 2nd. Omnicom Group's dividend payout ratio (DPR) is 40.17%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Wells Fargo & Company lowered their price objective on shares of Omnicom Group from $84.00 to $78.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 16th. Citigroup reaffirmed a "buy" rating and set a $103.00 price target on shares of Omnicom Group in a research report on Tuesday, April 15th. Bank of America upgraded Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 price objective for the company in a report on Monday, June 23rd. Barclays cut Omnicom Group from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $105.00 to $80.00 in a research note on Wednesday, June 25th. Finally, JPMorgan Chase & Co. dropped their price target on Omnicom Group from $104.00 to $96.00 and set an "overweight" rating for the company in a research note on Thursday, July 10th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $94.43.

About Omnicom Group

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.

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